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R&SA slices 20% from term rates

Royal & Sun Alliance UK Life is cutting level term insurance rates by up to 20 per cent.

The new rates apply to family, business and keyperson cover under its Lifewise plan. It hopes the rate cuts will consolidate its top-five position in the market and particularly benefit those with highnet-worth sums assured.

A male non-smoker aged 30 next birthday requiring cover of £500,000 for 20 years will now pay a monthly premium of £22.93, down from £28.86. A female smoker of the same age wanting cover of £250,000 would pay £19.69 rather than £22.35.

Personal market leader Mark Edwards says: “UK businesses continue to take risks by not adequately covering key employees who are critical to a business&#39s long-term success. Individuals continue to take risks by generally covering the mortgage and nothing else. IFAs have an excellent opportunity to help people understand the reason why life insurance is a valuable commodity.”


Company cars and mileage rates

COMPANY CARSIn order to protect the environment, changes have already been made to increase the tax charges on company cars. There are those that have applied since 6 April 1999 and those that will apply from 6 April 2002. These are explained in detail in the Appendix. In addition to these changes the Chancellor has […]

UBS Capital partners leave to start new firm

Five partners in UBS Capital&#39s UK team have left to set up a new business after securing a financial settlement from the fund manager.The five partners – Ian Hawkins, Robert Jenkins, Ruth Storm, Frank Neale and Chris Tennant – are launching IRRfc, a private equity portfolio management service, this week.They are aiming to attract clients […]

MPC will be disappointed by budget says R&SAIM

The Monetary Policy Committee will be disappointed by the Budget because it offers no help for interest rate expectations according to a former senior Bank of England economist.Steven Andrew, now senior economist with Royal & Sun Alliance Investment Management after 10 years with the Bank, says Brown announced more Government spending but no offsetting measures […]

SLI guarantees growth on fund

Scottish Life International is guaranteeing a return of at least 10.2 per cent over five years and two months on its protected term deposit – series 1 fund.SLI says the fund is lower risk than with-profits and offers the potential for further gains of up to 51 per cent dependent on the performance of the […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]


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